The Tax Savings Of Being In A Business Far Outweigh The Costs Of Joining An MLM Home Business

Did you realize that there are a ton of reasons to join a MLM business–One of those reasons are the huge tax savings. This is how people like Warren Buffet and others often pay less income tax than their employees. If you are employed by a firm, you can save over $2000 plus if you get into a home business. This is due to the fact that things that you were paying for with after tax dollars now become a deduction. Some of the deductions that you can take are:

Home office deduction–you can now write off a percentage of your home whether you rent or own it as a home office deduction. With this deduction you can also write off the percentage of all the utilities and repairs of you home. You can also depreciate a percent of your home–depreciation is a non-cash deduction that takes off the tax liability from your employment income.

Mileage from your car–if you drive to work and you make a contact at work you can now write it off against your “earned” income or your employment income. This will reduce you tax liability substantially.

Additionally, do you like to take vacations? Me too!!! Now they can be tax deductions–if you make one contact while you are on vacation you can write the whole trip off as a business expense. That means the hotel, car rental, plane fare–basically the whole trip.

Car insurance and licences–also become deductible.

Cell Phone and House Phone also become deductible–you need them for a home-based business.

Your computer also becomes a deduction. You can depreciate it over three years or you can take a Section 179 deduction and depreciate it off the first year.

If you are an employee the tax advantages of being in a home-based business are huge!!

If you want to get exact figures for your situation–don’t hesitate to call me at (720)-255-2605 Office or (720) 690-2947 cell phone–I can calculate the savings for you.

P. S. Interested in setting up a Blog for your business–I recommend Anatomy of a Perfect Blog Post at the right of this post–It goes into the Secrets of how the top leaders of setting up their Blog Posts to generate leads and grow their businesses.